July 2011

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How Long Before I Can Get Another Mortgage?

A commonly asked question from buyers inquiring about one of our listed properties often comes around to time. After spending a few minutes talking about a property the conversation turns to the buyer and why they are looking. Anymore, it is not unusual to hear “I have recently gone through a (multiple choice) bankruptcy, foreclosure, short sale. Do you know if the owner will finance my purchase or how long it will be before I can get a mortgage?”

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